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by lewisl9029
3951 days ago
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Interactive Brokers might not be the best option for long-term investors who are just starting out due to their monthly minimum activity fees. https://www.interactivebrokers.com/en/index.php?f=4969&ns=T It basically imposes a minimum fee of $10 per month. It does gets waived if you have more than $100,000 USD in your account though, so this is just something to keep in mind, and YMMV. I would personally just go with Robinhood for long term investing. No fees is better than low fees, and the longer the time frame you're investing, the less important individual trade execution and customization (areas where IB excels in) becomes. RE: Algorithmic trading. Check out Quantopian: https://www.quantopian.com/ |
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